Affiliation:
1. School of Business Shanghai DianJi University Shanghai China
2. Institute of World Economy Fudan University Shanghai China
3. Institute of Belt and Road & Global Governance Fudan University Shanghai China
Abstract
AbstractThis paper proposes an indicator measuring the likelihood for an economy to escape the middle income trap (MIT) and then estimates the impact of income inequality on this indicator using 1960‐2019 cross‐country data. Major findings include the following: (1) The likelihood of escaping MIT is relatively large for Asia, followed by Europe, Africa, North America and South America. (2) Inequality is negatively and significantly correlated with the MIT indicator, particularly in freer, high‐income and MIT country groups. (3) Regarding the mechanisms, domestic investment, human capital accumulation and trade openness contribute positively to this indicator, while ageing does the opposite.
Funder
National Natural Science Foundation of China
Subject
Development,Geography, Planning and Development
Cited by
3 articles.
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1. Escaping Income Trap Index (EITI);Ekonomi İşletme ve Maliye Araştırmaları Dergisi;2024-08-31
2. Economic Impact of China’s High-Speed Railway on the Income Inequality in the Regions Along the Line;Transportation Research Record: Journal of the Transportation Research Board;2024-06-19
3. Does foreign direct investment in Ghana promote welfare?;Social Sciences & Humanities Open;2023